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within the republican party, and once that 113th convenes the president can institute obama tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there when it comes to talking about entitlements, or earned benefits as progressives like to refer to it, what is the way that the president and those on the left can look and also appear to the right to be willing to compromise? what can they put on the table, if anything? >> well, i just don't think that any of us think that it is a reasonable idea to over the course of the next week and a half, over the course of the holiday season, for the president and this congress, which is a lame duck congress, to engage
take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out romney shared a popular vote of this country has fallen to, you guessed it, 47.4%. as expected to fall further, and settle at the 47 mark, exactly. we'll be right back. [ woman ] . progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your wo
they are getting a dose of their own medicine. president obama has thrown down the gauntlet on taxes and while the gop is stomping its feet at making the wealthy to pay a bit more, he's making his pitch to the people. at a toy factory today, he warned them to play nice. >> joe biden was in costco. he wanted to buy some of this stuff. but i told him he had too much work to dochl i wasn. i told him he wasn't going to build roller coasters all day long. of course, santa delivers everywhere. i've been keeping my own naughty and nice list for washington. so you should keep your eye on who gets come kinects this year. there are going to be some members of congress who get them and some who don't. >> what sort of plan do you give the republican who won't agree with anything? this one, of course. the president is asking for a $1.6 trillion tax increase, $50 billion in economic stimulus, and the power to raise the debt limit without congressional approval. meanwhile, he will work the fine savings in entitlements. not to the man sitting on the naughty list. senator mcconnell said that he burst into laug
saying he could support president obama's tax proposal. he joins a growing group of people urging house leadership to clear the way for a broad deal that would include tax increases on the wealthy. however, according to "the new york times," speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns favoring closing tax loopholes and capping deductions to raising taxes. >> now the revenues we're putting on the table are going to come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> and new polling by the associated press could strengthen the president's hand in negotiations. 48% of americans say they support the idea of raising taxes on the highest earners. that's compared to 32% who say tax cuts should continue for everyone. >> well, hillary clinton says she insists that she wants to get out of politics. but a new poll shows that the majority of americans are hoping
in washington? >>> president obama presses the case for tax hikes on the rich, and the tax cut extension for the middle class, now. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> but republicans aren't budging, accusing the president of avoiding tough choices on spending and wasting time in the effort to avoid the fiscal cliff. >> it's not a serious proposal. and so right now, we're almost nowhere. >> will there be a deal by the end of the year? and what are the consequences for the economy if there isn't one? we'll ask the president's lead budget negotiator, treasury secretary tim geithner. >>> then the view from capitol hill. are democrats as divided over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? w
is the right word. given that the obama administration would happily raise taxes without cutting medicare but republicans will only raise taxes if we cut medicare. obama won't negotiate on his own and republicans are now scared to negotiate with him. joining me now is jared bernstein from budget and policy priority. great blogger. former chief economist for vice president joe biden. good to see you. thank you for being here on a friday. >> can't think after better way to start my weekend than talking fiscal cliff to you. >> means a lot to me. >> i know. >> the daily beast said obama just got re-elected. it is a classic time for magnonimity. which i think i just mispronounced. do you think obama has a hard line at the wrong time? >>. if sullivan means that obama should negotiate with himself, which you point out, hasn't worked for him before, and b, isn't the way it move forward once you won an election with the what you are arguing over, i disagree. the right way to negotiate is not to come out and say, here is what we want republicans. here is what we want. here is your opening bid as yo
of obama's additional debt by higher levels of growth, not raising taxes. so there's a lot of money to be gotten from growth. how they do this, we have to see it written down, but because the obama administration and spokesmen have been so emphatic about all taxes and no spending restraint, all taxes and actually spend -- another stimulus, another solyndra stimulus program -- >> i don't think they've mentioned solyndra, grover, but i'm sure they appreciate your mentioning of it. >> they didn't? the whole idea of additional spending rather than spending restrictions -- they could save money by not continuing world war ii as well. so the obama administration is so far out there, that what the republicans are doing is pointing out how reasonable they are, taking bowles' idea, i see he's playing democrat partisan today -- >> part of that is actually putting revenue on the table which speaker boehner has said multiple times he's open to doing, that includes closing loopholes and ending deductions. not words that are political kryptoni kryptonite. for the republican party that has stoked
it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that's going to affect your spending, your lifestyles, or the economy in any significant way. let's make sure that 98% of americans don't see it -- a single dime in tax increases next year. >> so, john boehner, the speaker for the republican party in this partisan fight is saying, he's already socking it to the rich. he's willing to raise their taxes in various forms but just not the rate. isn't he agreeing in principle to the president's argument of fairness? isn't he in a weaker position to deny a rate change? governor? >> sure he is, chris. number one, he hasn't specified what
. at the end of the day president obama is selling a simple message, i want to keep taxes low for middle class americans and republicans look like -- i'm worried they're in the position of looking this, if they don't care about the middle class and want to keep tax rates low for wealthier americans. >> yes or no, is he right? yes or no? >> i don't think so. it's far too easy. >> he's right. democratic strategists are giddy. for two years they've been trying to make this argue am, the republicans are going to hold yush doctor. >> let me go back. i think he's wrong. i think ultimately if we don't get a deal, it's bad for president obama, bad for his legacy, and bad for democrats. >> i think you're right but i also think that your party lost this election, they should act accordingly and they're not doing it. >> john boehner didn't lose. john boehner still -- >> that is exactly where you're all screwed up. you know, when tip o'neill was speaker with a lot more seats than you guys have, he never claimed he had a national mandate because he saw reagan had one. we vote for president of the notes. th
debate was about? obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true. it's almost like groundhog day, this guy, boehner, he's not a bad guy, but he's operating on a bad thought here. the election didn't happen. >> it's incredible. it's amazing watching john boehner reach for anything, simpson/bowles which, by the way, assumed that the tax cuts for the top 2% would be gone, but he forgets about that, and boehner is trying to offer the same exact policies that mitt romney ran and lost on, that the republicans tried to negotiate with the white house. it is incredible. and the only way i can explain this, the only way i can possibly figure it is that mayb
leadership has said he now agrees with president obama on taxes. >> we agree with the president on that. >> congressman cole said he thinks the house of representatives should simply pass the bill that has passed the senate, preserving the current tax rates for all except those in the top brackets, which would revert to the clinton tax rates. the current rates are expected to expire on new year's eve, all of them, and congressman cole has decided it's time to face reality. >> these tax rates are going up automatically unless congress acts. to save as many of them as possible. >> the newest republican defector from grover norquist's pledge has instantly become as good a sales man for higher top tax rates as any democrat. >> right now, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody's. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congre
you have it wrong. >> what does slashing the tax code -- >> this whole notion, like president obama has this fetish, we have to raise the rates on the top 2% to raise the deficit -- >> ron, ron, just one -- just one second. >> i'm almost -- >> no, you're -- ron, your narrow -- i'm sorry, ron, but you're now doing what eric can'ter, you're saying the sense the president has been speaking and converting it into a psychiatric condition. you're describing it as a fetish. in fact, it's neither of those, as you know. the president -- >> let me finish my thought here. just so we can clarify that. we're not going to diminish the president's comments as a psychiatric illness. he's argued this based on economis economists. it's not nonsense, an illness. >> first of all, going back to my core argument, the idea if you're grg toç take $89 billioa year and reduce the deficit, it's laughable in its face. the president is calling for more spending with his new stimulus. number two. point number two, the democrats have shown nothing by way of spending cuts. julian talks about there's $1.6 trillio
, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the sameç people pay moref their money to the federal government without raising tax rates, which we believe will harm our economy. >> let's allow higher
company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me and i don't think it's acceptable to for you republicans to hold tax cuts hostage because they don't want rates on upper folks to go up. >> john boehner scheduled a last minute news conference. fired back with this. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from the white house, white house correspondent kristen welker. what's the latest from 1600 pennsylvania? >> well, good afternoon, craig. as you can see the holiday decorations are going up here at the white house. but it doesn't seem like anyone is in the holiday
to break rank, saying he could support president obama's tax proposal. coburn joins a growing chorus of republicans from outside the house of representatives, urging house leadership to clear the way for a broad deal that would include tax increases on the wealthy. however, as we mentioned, according to "the new york times," speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns, favoring closing tax loopholes and capping deductions. to raising taxes. >> now, the revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> so could we just agree right now, everybody around the table, that both sides are talking about tax increases for the rich? >> i think so. >> it's just a difference between do you get tax increases for the rich? do you get the revenue by raising the top rate or by closing loopholes? i mean, that is
raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason you initiate the bowles' plan is you say, look, they are going along with the former chief of staff said.
reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at that points. >> in the meantime, now the gop is fighting w
is the question of the tax cuts expiring. and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way they calculate social security payments. i wonder, though, when we look at these numbers, are we that far apart in. >> i think they are definitely rather far aare part at this moment in time. yeah, absolutely. >> so there are so many ways that any of this could affect the average tack payer, obviously if taxes go up. but what about funding to states and localities. i know that one of the things that they are concerned about is that when you make cuts, that essentially those cuts are going to come on their budgets. what could happen in a meeting like thi
is the president and ceo of kinex. >> good morning. >> president obama said a fam of four's taxes could go up. what impact does that have? >> it's fantastic to have the president our endorser in chief. when you remove that discretionary income and toys are a discretionary purchase as are other things. you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion that we're spending. so, we're going to need a balanced approach of both revenue and spending cuts to teat there. so, that's what the president has been talking about and certainly something i can support. >> "the wall street journal" today senior administration officials say the white house not making any new offers until rep
. >> so are you saying, then, for pr purposes that they should give into obama on the tax rate in. >> not exactly. well, yeah, i guess i am. >> ka pit late to obama who is -- we don't have a revenue problem, ann. >> we lost the election, shawn. >> i can't believe i'm saying this, but ann coultter is right. they lost. the question may now be when, not if, the republicans will cave on taxes. joining me now is dana milbank, columnist for "the washington post." he's writing about the republicans waving tax hikes and cynthia tucker and visiting professor of journalism at the university of georgia. thanks to both of you for being here tonight. >> hi, reverend. >> good to be here, reverend. >> dana, are republicans really ready to cave? >> well, reverend, first of all, terrific particular to see you and ann coulter on the same page. they've caved already. they have said, we're going to agree to an $800 billion tax increase. it's entirely possible that they are going to go off the cliff any way. it doesn't mean that a deal is imminent. it basically means that they surrender. they used to
with us. thanks for watching. president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he was quick to highlight the break in the ranks with the republicans. >> i am glad to see, if you've been reading the papers lately, that more and more republicans in congress, seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> president obama isn't talking about some moderate republican or some blue dog democrat, he is talking about conservative republican oklahoma congressman, tom cole. cole is the first republican to openly call for agreeing to middle class tax cuts. >> we all agree that we are not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases, continue to try to work
of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington.
romney agreed with obama, that taxes on the high-income folks had to go up. so the challenge on the republican side, and it is tough, is folks like kevin mccarthy did get elected. and in his district, his no-tax pledge worked for him. these guys are in a very tough spot because they know at the end of the day they're going to have to raise these taxes. but doing so will cause an immense amount of political pain. that's why in my view, it's probably likely that we won't get a deal before january 1st. but on january 3rd, the senate sends a bill over. where now we're voting on a bill to lower taxes. the norquist pledge becomes irrelevant. in fact, they comply with the norquist pledge by voting for a bill that would provide tax relief for 98% of americans. so i just think this is a very difficult political situation on the republican side. you know, the speaker clearly knows that revenues have to go up. and he doesn't have the leverage now. and we're back into brinksmanship politics. but bottom line, the cliff is really much more a slope, and we can act on this ideally before jan
, president obama is close to breaking the gop tax unity. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. if we're going to protect middle class families, then we're going to have to have higher rates for the wealthiest americans, folks like me. >> read his lips, no deal without a tax increase on the richest in this country. and get this, president obama is winning this argument. remember the anti-tax pledge? 44 republicans had distanced themselves from it. today conservative columnist david brooks says, republicans have to realize they're going to have to cave on tax rates. and conservative writer byron york writes, quote, republicans will cave. part of the reason for the shift is the president is staying strong on this issue. he did just -- he did that to just now and won an election. also, americans are saying clearly who they blame if the two sides don't reach a deal before the end of the yea
, listen, from obama's opening offer, i was able to salvage the estate tax rates. i was able to salvage the dividends tax rates. i was able to shave off 400 to $500 billion in tax hikes that the president wanted. and on top of that, i was able to secure a promise to do comprehensive tax reform within a year. all from the president's first offer. wouldn't that be at least a little bit palatable to some of the republicans in the caucus? >> i think your word choice is perfect, a little bit palatablp. >> that's all they need. >> the attitude of let's make specific concessions now with regard for other concessions to come down the road, that player to be named later you hear about in trades. i think you're going to get enormous apt of skepticism in the house gop caucus to that. because they feel they've seen this movie before. when you were showing the footage of durbin and boehner, i thought it was footage from the debt ceiling argument. >> but isn't the better alternative which is to see all the tax cuts he e s expire? >> how will he pass the massive obama tax cut without the house? >> i'm
suburbs and he made clear the rich must pay their fair share. the taxes will go up for the top 2%. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your members of congress, like allyson and chaka, other democrats in the house, they're ready to go, they're ready to vote on that same thing. if we can just get a few house republicans on board, we can pass the bill in the house, it will land on my desk, and i am ready, i have got a bunch of pens ready to sign this bill. >> 30 minutes after the president was finished, house speaker john boehner held a press conference, and he left unanswered the president's call for decoupling that 98% from the richest 2%, and h
of barack obama? >> keeps taxes in the discussion, so it helps. >> you are a skeptic that there would be a deal. >> why would i be a skeptic? >> you believe we will gooff o the cliff. >> i do. i want to see the speaker put something on the floor that does not get the majority. >> i will make the prediction he will go there without knowing he had the majority. i have sources who claim this. shame wless plug. >> christmas, remember the folks in new jersey and new york. >> i have to go with my washington redskins. big game monday night, new york giants. wild card. >> lose record wild card? >> i know you're excited about facial hair being all the rage these days, but this is the last day of november. men's health issue prostate and tess ti testicular cancer. >>> that's it for the daily rundown. we'll see you back here tomorrow. coming up next, chris jansing. te of year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i
, president obama takes his tax plan on the road trying to sell it to the american people. republicans aren't buying it. congressman jason chav fitz joins me. fay yesterday and ambassador martin indyk with reaction to the vote at the u.n. and the wife of an american contractor jailed? cuba turns up the heat on the u.s. government and one campaign ceo michael elliott on the work that needs to be done. that plus the lottery winners power ball. "andrea mitchell reports" is next. n an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare.
to do you want to vote for a tax cut for 98% of americans, i think that's where president obama will have more leverage in some of thots discussions. it's a shame we can't move beyond the gridlock. >> but dr. peterson, i have just heard speaker boehner say look at the last two years. look at the ryan budget, which, of course, in neither of the two years received a single vote by democrats. >> well, listen, like joy reid on this network has said, hopefully mr. boehner will be able to sing a different tune once the tea party caucus is more di anyone initiminished an speakership is re-established on january 3rd. my sense is going off the fiscal slope or curve or cliff is probably the best case scenario for president obama. >> professor reich, the president has offered a mix of taxes and spending cuts in his plan. mr. boehner responded with the ryan budget five minutes after saying they wanted a bipartisan solution. have they put any thought whatsoever into any of this? what have they been doing on all their days off. >> i don't think they've been doing anything but licking their wo
for the top 2%. >> so are you saying then for pr purposes, that they should give into obama on the tax rate? >> not exactly. well, yeah, i guess i am. >> i'm sorry, that was not one of the top conservative minds. that was ann coulter, but you have to and it to her. she's onto something there. a new quinnipiac poll shows 65% of americans support higher taxes on incomes over $250,000. the same survey showing the president's approval rating at a three-year high, 53%. the highest level since the body of osama bin laden was dumped in the north arabian sea. perhaps that's why senate majority leader harry reid felt confident enough to declare that until republicans move on tax rates, more spending cuts are off the table. >> the president made clear, i have tried to make very clear, until there's some movement in tax rates, we're -- i'm not talking about any other proposals, not about where there will be a cut here or a cut there. >> no. as a matter of fact, the only cuts the senate is talking about today are in terms of staff on the republican side. with the surprise news today that senator jim de
60% of americans agree with president obama's plan to increase taxes on those making $250,000 or more. if you look at questions coming in, there's still concerns about those ideas, so the president answering those this afternoon. this is really like a twitter town hall. he used a similar tactic back in 2011 to talk about jobs and the economy. also remember during the payroll tax cut fight, senior administration officials tell me they have gotten more responses during this my2k hash tag initiative than in the past. that stands for $2,000, which is how much taxes would increase. john boehner says this is at a standoff. all sides need to come back to the table at some point to get progress anytime soon. tamron. >> let me bring in congressman chris van hollen. thank you for your time, sir. very busy and saw you on the monday morning program as well. how would you categorize talks right now? is this a true stalemate? >> well, it's only a stalemate because speaker boehner, the republican leader, has not put his proposal on the table. as you know, the president has put his cards on the table
i understand. are you saying then forp r purposes, that they should give in to obama on the tax rate. >> no exactly -- well, yeah, i guess i am. >> you're saying capitulate to obama -- we don't have a revenue problem, ann. >> we lost the election, sean. >> well, the fact is, sean, we do have a revenue problem. 15% of gdp going to revenue. republicans on the right should at least pay for what they spend on. at least pay for the guns and ammo. the louisiana governor bobby jindal wants to make -- he's not blind to reality. he writes in today's politico, any reading of the headlines over the past week indicates that republicans are fighting to protect the rich and cut benefits for seniors. it may be possible to have worse political positioning than that, but i'm not so sure how. your thoughts, chris. do you conform to the thinking here of our smartest possible colleague here, chuck, that this is something that the president realizes is a true cliff, you don't want to go over it, and he will recognize a good deal if he see it is before christmas and take it? >> sure. yes, i do agree with
will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for millions more. and more on the president's plan which will pitch to governors today largely spares social security and medica
in taxes now that mr. obama has won a second term. and mr. adelson says he intends to double his spending on conservative causes with a particular focus on anti-union measures in the states. labor unions played a big part in mr. adelson's conversion to democrat to republican kingmaker. he fought with members picketing outside his hotel in las vegas. he tried to fight them in court, until find the supreme court declined to take his case. in testimony for the nevada state ethics commission, future democratic congresswoman and unsuccessful candidate shelly berkeley said adelson had told her, "old democrats were with the union and he wanted to break the back of the union, subsequently he had to break the back of the democrats." that fight, the war with labor changed sheldon adelson from being just another social liberal on the sidelines of politics to sheldon adelson, contributor on an historic scale to republicans who do not share his social values and this goes to a fundamental truth about the republican party. which is that the republican party in its current incarnation is a coalition bet
that game. president obama's holding all of the cards in the tax fight. the gop's on the ropes and they are ready to cave. but with all things republican, there's always a catch. that's right. speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear messageç to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which, by the way, we have never done it in our history until we did it last year, i will not play that game. >> sorry speaker boehner. find someone else to play economic game with. the president isn't interested. he's done with their gimmicks. he's done with their ploys. he's done with the argument that they are the serious ones in this whole debate. >
to cut more entitlements? >> the tax problem is the biggest problem. president obama has laid out in the past and seen willing to me, at least, to make some cuts to medicare. maybe not ones conservatives like. what we don't know yet, the big question is, president obama is pushing for $1 trillion in tax increases, pushing it for a long time. he feels he has a mandate on that now. we know his idea is about raising revenue. we don't know what the republicans ideas are on the revenue. that's what we need to know. that's the whole question, what are they. go ahead. >> we've heard from lindsey graham yesterday or the day before with regards to revenue. he still contends, ari, that you can raise a significant chunk of revenue, he's thrown out $800 billion at least by closing loopholes and limiting deductions, whether it's $30,000, $40,000, $50,000. >> yeah, but he's just talking, right? just talking. what the president has done is outlined a plan. he outlined it once and the american people voted for it, and he outlined it again, not surprisingly, the same core arguments, same basic ide
there and they have passed a tax cut extension program that the obama administration wants. it would essentially lay the groundwork for a quick fix to this fiscal cliff. >> sam stein, "huffington post," good to have you with us. >> go giants. >> stop that. >> had to do that. >> remember to answer tonight's question at the bottom of the screen. share your thoughts on twitter @edshow and on facebook. >>> coming up, mitch mcconnell saying raising limits. we're talking about what will happen if the parties don't come to a deal. a record number of filibusters. john boehner is fighting to keep it that way. we'll tell you what that's about. >>> fast food workers stage the largest strike in their history. we'll show you what they hope to accomplish here in the big apple. >>> and later the white house releases the first beau obama christmas video. it's much better than the old barney camp videos and we have the tape to prove us. share your thoughts on facebook and twitter. we're coming right back. of ta. it's changing the conversation. ♪ or that printing in color had to cost a fortune. nobody said an all-i
swinging. . >> raising tax rates will hurt the economy. >> i will not play that game. >> president obama standing his ground. >> i will not play that game. >> he's not willing to play that game. >> playing the smackdown. >> i think the president has boxed the republicans in. >> i know we have it to raise revenue. >> is he the only republican? >> i don't care how we do it. >> raising tax rates hurt the economy. >> let's just go over the [ bleep ] cliff. >> if they do not make this deal on tax rates for the top 2%, then they're going away. >> i just hope this doesn't become a game of chicken. >> i will not play that game. >> it goes into february and march. >> public opinion is on their side. >> when we have to raise the debt ceiling. >> i will not play that game. >> this is about gaining maximum leverage. >> we've gone through this before. >> some republicans believe that will give them more leverage. >> it's government at the brink all the time. >> these guys are not serious about negotiating.ç >> the next 72 hours are critical. >> i think we're going over the cliff. >> let's just go o
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